Banking Awareness Quiz Set 37

Contenders who are preparing for the competitive exams they can see the Questions and Answers for Banking Awareness in the form of Quiz. So they can prepare well for the exam by practicing these Questions which are given with an accurate explanation.

Banking Awareness Quiz Set 37

1. Which of the following is the Slogan of UPI(Unified Payment Interface)?

A. Less Amount More Digital

B. Less Cash More Transaction

C. Less Cashflow More Digital

D. Less Circulation More Digital

E. Less Cash More Digital

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2. Customers using the UPI system only share _____

A. Bank Account Number

B. IFSC Code

C. Virtual Address

D. All of the Above

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3. What is the upper transaction limit of UPI system?

A. 1 lakh

B. 2 lakh

C. 5 lakh

D. 10 lakh

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4. Which of the following is the parent organization of UPI?

A. RBI

B. GOI

C. NPCI

D. All of the Above

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5. Which of the following is the format of Virtual Address in UPI?

A. [name] @ [bank name]

B. [Phone number] @ [bank name]

C. [name] @ [bank branch name]

D. Both (A) and (B)

E. Both (B) and (C)

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6. Which of the following banks are on-boarded as issuers?

A. IDBI Bank

B. RBL Bank

C. Karnataka Bank

D. Both (A) and (B)

E. Both (B) and (C)

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7. Unified Payment System (UPI), a common platform which links your _________ to a virtual payment address, effectively making money transfer as easy as an SMS.

A. Bank Account Number

B. IFSC Code

C. Virtual Address

D. All of the Above

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8. In UPI, we can Send money to any bank account through mobile without entering ____________

A. debit/credit card details

B. net banking/wallet password

C. receiver’s account number.

D. All of the Above

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9. UPI will eliminate the need of entering ________ details

A. Bank Account Number

B. IFSC Code

C. CVV code

D. All of the Above

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10. What are the important instruments under Indian Stamp Act, 1899?

A. bill of exchange

B. power of Attorney

C. policy of insurance

D. None of the Above

E. All of the Above

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11. What is the fullform of eSBTR?

A. Electronic Secured Basic Transaction Receipt

B. Electronic Stamp Bank Treasury Receipt

C. Electronic Stamp Bank Transaction Receipt

D. Electronic Secured Bank Treasury Receipt

E. Electronic Secured Basic Treasury Receipt

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12. The Headquarters of SHCIL is located in ___________

A. Hyderabad

B. Mumbai

C. Chennai

D. New Delhi

E. None of the Above

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13. Which of the following is the only Central Record Keeping Agency (CRA) appointed by the Government of India?

A. CIBIL

B. SEBI

C. NABARD

D. SHCIL

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14. Which of the following is the country’s largest custodian and depository participant?

A. CIBIL

B. SEBI

C. NABARD

D. SHCIL

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15. Stock Holding Corporation of India Limited is owned by?

A. SU-UTI

B. NIA

C. GIC

D. LIC

E. All of the Above

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16. Minimum value of transaction for e-SBTR should be _______

A. Rs.1000

B. Rs.2000

C. Rs.3000

D. Rs.5000

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17. Maximum value of transaction for e-SBTR should be _________

A. Rs.1000

B. Rs.2000

C. Rs.3000

D. Rs.5000

E. No limit

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18. Authorised Collection Center(ACC) is an agent appointed by SHCIL?

A. SU-UTI

B. GOI

C. GIC

D. SHCIL

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19. SHCIL was established in 1986 under the Government of India as __________

A. Private Ltd

B. Public Ltd

C. Limited Liability Partnership

D. Unlimited company

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20. Which of the following can become ACCs?

A. Scheduled Banks

B. Insurance Majors

C. Post Offices

D. Both (A) and (B)

E. Both (A) and (C)

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21. Which of the following is/are feature(s) of e-stamping?

A. Cost Savings

B. Security

C. User-friendly

D. All of the Above

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22. What are the different modes of paying stamp duty in e-Stamping system?

A. RTGS

B. NEFT

C. Pay order

D. All of the Above

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23. Which of the following can be used to check the authenticity of the Certificate?

A. PAN Number

B. Unique Identification Number

C. A/C Number

D. All of the Above

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24. In which States/UT s e-Stamping is currently operational?

A. Gujarat

B. Karnataka

C. Punjab

D. All of the Above

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25. Stamp Duty collected by the States can be broadly divided into _______ categories

A. One

B. Two

C. Three

D. All of the Above

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26. Which of the following details can be used to verify the authenticity of an e-Stamp?

A. Certificate Number (UIN)

B. Stamp Duty Type (Description of Document)

C. 6 character alphanumeric string

D. All of the Above

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27. Which of the following is a computer based application and a secured way of paying Non-Judicial stamp duty to the Government?

A. Commercial Papers

B. E-stamp

C. Treasury bill

D. All of the Above

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28. Which of the following details can be used to verify the authenticity of an e-Stamp?

A. Certificate Number (UIN)

B. Stamp Duty Type (Description of Document)

C. 6 character alphanumeric string

D. All of the Above

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29. Stamps used under the Indian Stamp Act, 1899 The Bombay Stamp Supply And Sale Rules, 1934, can be broadly divided into _______ categories.